FY2024 EPS Estimates for Precision Drilling Co. (TSE:PD) Lowered by Raymond James

Precision Drilling Co. (TSE:PDFree Report) (NYSE:PDS) – Equities researchers at Raymond James cut their FY2024 earnings estimates for Precision Drilling in a research note issued to investors on Wednesday, February 7th. Raymond James analyst M. Barth now expects that the company will post earnings of $11.80 per share for the year, down from their prior estimate of $17.02. Raymond James has a “Strong-Buy” rating and a $132.00 price target on the stock. The consensus estimate for Precision Drilling’s current full-year earnings is $8.79 per share. Raymond James also issued estimates for Precision Drilling’s FY2025 earnings at $16.57 EPS and FY2026 earnings at $14.89 EPS.

PD has been the subject of several other research reports. Stifel Nicolaus cut their price objective on shares of Precision Drilling from C$120.00 to C$115.00 and set a “buy” rating for the company in a research report on Wednesday, February 7th. Evercore cut their price objective on shares of Precision Drilling from C$142.00 to C$139.00 and set an “outperform” rating for the company in a research report on Wednesday, February 7th. National Bankshares set a C$135.00 target price on shares of Precision Drilling in a report on Tuesday, November 21st. BMO Capital Markets increased their target price on shares of Precision Drilling from C$125.00 to C$130.00 and gave the stock an “outperform” rating in a report on Wednesday, February 7th. Finally, CIBC increased their target price on shares of Precision Drilling from C$100.00 to C$110.00 and gave the stock an “outperform” rating in a report on Wednesday, February 7th. Nine equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Precision Drilling has an average rating of “Buy” and an average price target of C$121.08.

Check Out Our Latest Analysis on Precision Drilling

Precision Drilling Price Performance

TSE:PD opened at C$86.54 on Monday. The company has a debt-to-equity ratio of 62.97, a current ratio of 1.40 and a quick ratio of 1.36. The firm’s fifty day moving average price is C$75.31 and its two-hundred day moving average price is C$82.27. Precision Drilling has a one year low of C$56.42 and a one year high of C$100.23. The company has a market cap of C$1.24 billion, a P/E ratio of 4.43, a P/E/G ratio of -3.24 and a beta of 2.92.

About Precision Drilling

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Precision Drilling Corporation, a drilling company, provides onshore drilling, completion, and production services to exploration and production companies in the oil and natural gas and geothermal industries in North America and the Middle East. The company operates in two segments, Contract Drilling Services and Completion and Production Services.

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Earnings History and Estimates for Precision Drilling (TSE:PD)

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